Nova Scotia’s building construction sector hot

Construction investment in Nova Scotia was up 40.5 per cent year-to-date, the fastest growth in the country, according to data collected by Statistics Canada.

Total N.S. construction investment reached $349 million in February. In recent years, Halifax has accounted for a rising share of construction activity in the province, particularly for residential and commercial investment. Halifax construction totalled $210 million in February, while there was $139 million in building construction outside the city.

Halifax construction activity was up 36 per cent. National building construction investment rose 6.5 per cent with six provinces reporting growth.

In February 2019, residential construction was up 3.5 per cent in Nova Scotia (seasonally adjusted) compared to January, reaching a level of $298 million. Halifax residential construction was up 12.3 per cent to $184 million.